Casella Waste Systems, Inc. (NASDAQ:CWST) Given Consensus Rating of “Moderate Buy” by Brokerages

Casella Waste Systems, Inc. (NASDAQ:CWST) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $113.5556.

Several equities research analysts have weighed in on the stock. Barclays set a $95.00 price target on shares of Casella Waste Systems and gave the company an “equal weight” rating in a research note on Monday, November 3rd. Weiss Ratings upgraded Casella Waste Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 8th. Stifel Nicolaus assumed coverage on Casella Waste Systems in a research report on Monday, September 29th. They issued a “buy” rating and a $113.00 target price for the company. Loop Capital raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, September 19th. Finally, The Goldman Sachs Group reduced their price objective on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research note on Monday, November 3rd.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $99.05 on Monday. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 412.73 and a beta of 0.80. Casella Waste Systems has a 52-week low of $82.22 and a 52-week high of $121.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 1.51. The stock’s 50 day moving average price is $91.29 and its two-hundred day moving average price is $99.83.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. Casella Waste Systems had a net margin of 0.85% and a return on equity of 5.63%. The company had revenue of $485.35 million during the quarter, compared to analyst estimates of $477.24 million. During the same quarter in the previous year, the business posted $0.27 EPS. Casella Waste Systems’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, equities analysts predict that Casella Waste Systems will post 1.16 earnings per share for the current year.

Institutional Trading of Casella Waste Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Liberty One Investment Management LLC raised its holdings in Casella Waste Systems by 7.8% during the second quarter. Liberty One Investment Management LLC now owns 1,964 shares of the industrial products company’s stock worth $227,000 after buying an additional 142 shares during the last quarter. Moran Wealth Management LLC increased its position in shares of Casella Waste Systems by 2.5% during the second quarter. Moran Wealth Management LLC now owns 5,894 shares of the industrial products company’s stock worth $680,000 after acquiring an additional 145 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Casella Waste Systems by 3.9% in the 3rd quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 149 shares during the last quarter. Cetera Trust Company N.A raised its holdings in shares of Casella Waste Systems by 4.9% in the 2nd quarter. Cetera Trust Company N.A now owns 3,315 shares of the industrial products company’s stock worth $382,000 after acquiring an additional 155 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Casella Waste Systems by 5.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,115 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.